New strategy: PwC India to create 10,000 additional jobs in the next 5 years

PwC India has announced its new business strategy ‘The New Equation’, to create 10,000 additional jobs in the next five years, with focus in the areas of digital, cloud, cyber, analytics and emerging technologies. The firm will invest up to Rs 1,600 crore in 5 years as commitment towards its people and capabilities.

The strategy aims to build on and further enable the economic growth cycle that India will see in the coming years and help clients build trust and deliver sustained outcomes.

The firm will also increase its campus hiring by over five times in the same time period. It will ensure minimum 40% gender diversity and spend at least 1% of revenues in upskilling its people and partners.

It is also setting up a PwC Research Institute to assist clients in identifying emerging trends across sectors.

The New Equation is a new approach in how the firm sees new opportunities to serve clients as they work to build trust and deliver sustained business outcomes to their stakeholders. Based on analysis of trends and thousands of conversations with clients and stakeholders, this refreshed strategy speaks to the two most fundamental needs clients and organisations are grappling with today. First is the urgency to successfully respond to and change in the face of the major shifts shaping the world: technological disruption, the risks of climate change, fractured geopolitics, social tension, and the continuing effects of COVID-19. Second is the need to build trust at a time when it is both more fragile and more complicated to earn.

Sanjeev Krishan, Chairman PwC in India said in a statement: “India has strong economic fundamentals, a huge advantage in the form of its demographic dividend and an ecosystem to boost innovation. Our new strategy will enable us and our clients to further the country’s economic development, harness the potential of the domestic market and create more opportunities for society at large.”

PwC India will also focus on entrepreneurial and private businesses, including Unicorns and start ups.

Through the PwC India Foundation, it is committed to its people spending over 100,000 hours as volunteering skills for supporting India’s humanitarian, environmental and educational challenges.

Krishnan added: “Technology is a key driver of our strategy. We look at it as an enabler to help our clients achieve their strategic outcomes. We will couple the power of technology with expertise in areas like strategy, risk, deals, management consulting, and tax strategy, among others, to create sustained value”